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Search Results 0 to 26 of about 27 (some duplicates have been removed)
. if a crisis can be averted. if democrats and republicans can come to an agreement on the big fight that has been frankly smothering american politics for weeks now. president obama announced earlier today that he wants to see a deal done by tomorrow on the big debt ceiling fight that has consumed every bit of oxygen in d.c. for the last few months. the president saying tonight that congressional leaders are on the clock. they have 24 to 36 hours to get a deal done. as planning a vote that the u.s. government should not default on our debt and shut down comes down to the wire, we are inching close enough to the edge here that two of the world's major credit rating agencies have warned that our national credit rating may be downgraded as a result of this standoff. the day that the u.s. would actually hit the debt ceiling and start going into default and shutting down is august 2. but this does not mean that we have until august 2 before we lose our national credit rating. that could just happen right now. because of the uncertainty and because of how long it is taking to get this done. right
of the substance of the proposal, it's too big. there is no time to get something this big done before the august 2 deadline. it literally cannot be passed through the senate in time even if everybody likes it. the other rainbow/sunshine problem here is the president and the senate agreeing on this or anything doesn't get you further towards raising the debt ceiling, it's not just the president and the senate, it's crazy town down the hallway too, it's john boehner's republican house, that likes the idea of the nation defaulting, that thinks the explosion of the economy might be pretty or at least warm for a second. they are not looking for a good deal or achieve particular policy objectives, regardless of what they get, they are not going to vote to raise the debt ceiling. the republicans who are running for president from the house of representatives, for example, are not saying don't raise the debt ceiling unless, don't raise the debt ceiling until, they are saying don't raise the debt ceiling at all. let's see what happens. this is how republican congresswoman michele bachmann's first president
on to as a pass towards raising the debt ceiling. i'm sure that was an edified discussion for their big senate plan, which the president likes, but it is not the president and the senate who need to get together to decide this thing. it's the president and the senate and the drunk kids at the other end of the building who are setting their barbies on fire and cooking metal in the microwave until it explodes. watch it burn! watch it burn! honestly, time for a reality check here. house republicans are not trying to drive a hard bargain and get the best deal possible. house republicans do not want to raise the debt ceiling. for anything. they would please not like to raise the debt ceiling. they would like to go into default, thank you very much. house republicans have been actively making that argument for weeks now that hitting the debt ceiling, oh, that won't hurt a bit, who cares? republican congressman mo brooks of alabama told the washington post this week that on the contrary, all credit rating should be improved by not raising the debt ceiling, which is like saying you're looking forward
is the big bad government is a threat to us. the consumer protection bureau as most americans understand is the government protecting them from abuse by private financial institutions. and they are terrified that the public will see that there is value to a public institution that can prevent them from being abused by private institutions because it undercuts the whole rationale that the government is always bad, always a problem. and that's why we are fighting so hard for it. >> congressman barney frank, democrat of massachusetts, ranking democrat on the financial committee. thank you for your time tonight. >>> texas governor, and gonna run for president guy, rick perry made a very surprising decision today that is going to upset some of his most ardent supporters. i'll tell you about it with a smile when i come back. >>> there are two things happening in rick perry's political life that are on a collision course. the first thing is that he plainly is going to run for president. he is leaking to the press that his wife wants him to run, she is actively encourage ing him to do it. he jus
. the one entity that could cut them out are heading towards cuts of their own, big ones. this, which we thank local and state government for, that's what republicans are insisting be brought now to washington. >> i think the situation we face is pretty urgent. as a matter of fact, i would describe it as dire. we have three really big problems, we have a spending problem, we have a debt problem, and we have a jobs problem. >> that's why i believe he went on to say it is important for us to fundamentally fix our spending problem and our debt problem and help get our economy moving again. so three problems, spending problem, he says we should fix that. debt problem, he says we should fix that. jobs problem, yeah, we sure have one of those. why doesn't he say we should fix that one too? john boehner said he's ready to fix spending and the debt but those two will just magically fix the jobs thing too? that doesn't need fixing on its own, it fixes itself? so far, anyway, that magic is not working out so great, president obama plans to meet with republican lawmakers again this weekend on sunda
the democrats and their negotiating position in the big debt ceiling fight in washington. whether or not the white house really just put social security and medicare on the table for cuts. that is all ahead. but we start tonight with a dramatic development in a life or death issue. it is literally about life and death. about the power of the government to kill people it is holding prisoner. but it's also about presidential politics, and who will be the republican party's nominee for president this year. there are two unquestionable truisms in coverage of republican presidential politics right now. one is that the prohibitive favorite to get the republican party's nomination, the front-runner so far out in front it is almost impossible to imagine anyone catching him is mitt romney. mitt romney seen here at the romney fundraiser today in london, england, of all places. mr. romney leads in all scientific international polls at this point, in all iowa polls, new hampshire polls, and in fundraiser. he is the front-runner and is front running alone. that is truism number one. truism num
. it's kind of incredible. i think it's been easy to lose sense of the big picture here, but the further you get away from what just happened, the bigger perspective you take on it, the more incredible it is. 70 times to raise the debt ceiling. raising the debt ceiling is something that happens as a matter of course. it's a run of the mill no headline kind of event. >> this is really housekeeping, tim. this has nothing to say, nothing to do with future spending. this simply reflects decisions made in the past and it ought to be treated like the housekeeping matter it is. >> george w. bush's budget director, mitch daniels, explaining the bush administration hoped raising the debt ceiling would be handled by congress as a housekeeping matter. that's how it was handled over the last decade. in the george w. bush administration, congress raised the ceiling seven separate times. among the republicans raising their current tantrums among john boehnor, eric canton, mitch mcconnell, jon kyl, collectively they passed 19 votes during the bush administration to raise the debt ceili
Search Results 0 to 26 of about 27 (some duplicates have been removed)